10:42
sBTC(SBTC) will start spot trading on Gate on September 22, 2025.
According to the Gate News bot message and the official announcement from Gate on September 22, 2025:
Gate will launch sBTC on September 22, 2025, at 23:00 ( UTC+8. The spot trading pair will be SBTC/USDT.
sBTC is a 1:1 Bitcoin-backed asset based on the Stacks Layer 2 network. Users can lock BTC from the Bitcoin mainnet to the Stacks layer using sBTC to participate in DeFi protocols, lending platforms, and AMM applications. Stacks, as a Layer 2 solution for Bitcoin, settles transactions to the Bitcoin mainnet through the transfer proof )PoX( mechanism, supporting smart contracts and decentralized applications while inheriting the security of Bitcoin.

